J.P. Morgan Wealth Management Inc. has teamed with the United Negro College Fund to create the J.P. Morgan Wealth Management HBCU Scholarship Program. The new scholarship program invests in students at historically Black colleges and universities who are interested in careers in financial planning “early on and creates a path for their long-term career success, strengthening the pipeline of diverse talent.”
The program will provide scholarships and mentorships to students attending one of 11 HBCUs across the U.S. and help them develop the skills they need to grow a career as a financial advisor. Each year 75 students at HBCUs will receive scholarships. Students who receive the scholarships will have the opportunity to participate in two summer experiences: the Advancing Black Pathways Fellowship Program and the first-of-its-kind J.P. Morgan Wealth Management Service Center Internship.
“Partnerships like this make the path for students of color clearer, helping them achieve goals they might not otherwise be able to attain,” according to Dr. Michael L. Lomax, CEO and president of UNCF. “We are thankful for the investment of J.P. Morgan Wealth Management and the company’s strong belief in changing the futures of those who have talent and drive — no matter who they are or where they come from. All HBCUs and their students hope this partnership can be a model of success for others within the corporate giving community.”
The 11 eligible HBCUs are Alabama A&M University, Central State University, Clark Atlanta University, Delaware State University, Howard University, North Carolina A&T State University, Paul Quinn College, Prairie View A&M University, South Carolina State University, Tennessee State University, and Winston-Salem State University.